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Increase in Trade Deficit

December 20, 2017

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India’s merchandise exports registered a positive growth of 5.17% during 2016-17 over 2015-16 and 12.01% during 2017-18 (Apr-Nov) over 2016-17 (Apr-Nov). Further, India’s merchandise trade deficit has been declining for last two years.

The names of the top 25 countries/SAR with which India has registered favourable trade balance during the last three years are as follows:

S. No.

2014-15

2015-16

2016-17

1

U S A

U S A

U S A

2

Hong Kong

U Arab Emts

U Arab Emts

3

U Arab Emts

Hong Kong

Bangladesh PR

4

Sri Lanka DSR

Bangladesh PR

Hong Kong

5

Bangladesh PR

Sri Lanka DSR

Nepal

6

U K

U K

U K

7

Kenya

Nepal

Vietnam Soc Rep

8

Nepal

Turkey

Turkey

9

Turkey

Kenya

Sri Lanka DSR

10

Netherland

Netherland

Netherland

11

Vietnam Soc Rep

Vietnam Soc Rep

Singapore

12

Singapore

Pakistan IR

Kenya

13

Mauritius

Spain

Spain

14

Mozambique

Gibraltar

Oman

15

Tanzania Rep

Egypt A RP

Pakistan IR

16

Pakistan IR

France

Gibraltar

17

Egypt A RP

Mozambique

Israel

18

Spain

Mauritius

Italy

19

Philippines

Philippines

Philippines

20

Israel

Ethiopia

Egypt A RP

21

Italy

Tanzania Rep

Mauritius

22

Ethiopia

Israel

Tanzania Rep

23

Gibraltar

Sudan

Ethiopia

24

Oman

Mexico

Portugal

25

Jordan

Uganda

Mexico

Source: DGCI&S, Kolkata

The names of the sectors in which India has favourable trade balance during the last three years are as follows:

S. No.

2014-15

2015-16

2016-17

1.

Textile & Allied Products

Textile & Allied Products

Textile & Allied Products

2.

Transport Equipments

Transport Equipments

Marine Products

3.

Agricultural & Allied Products

Marine Products

Leather & Leather Manufactures

4.

Marine Products

Leather & Leather Manufactures

Transport Equipments

5.

Leather & Leather Manufactures

Agricultural & Allied Products

Articles of stone, plaster, cement, asbestos, mica or similar materials; ceramic products; glass and glassware

6.

Articles of stone, plaster, cement, asbestos, mica or similar materials; ceramic products; glass and glassware

Articles of stone, plaster, cement, asbestos, mica or similar materials; ceramic products; glass and glassware

Agricultural & Allied Products

7.

Plantation

Plantation

Plantation

8.

Sports Goods

Sports Goods

Base Metals

9.

--

--

Office Equipments

10.

--

--

Sports Goods

Source: DGCI&S, Kolkata

This information was given by the Commerce and Industry Minister Shri Suresh Prabhu in a written reply in Rajya Sabha today.

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